August 2023
Intermediate to advanced
818 pages
28h 27m
English
Content preview from International Corporate Governance, 3rd Edition
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CASE STUDY 15Theranos
Elizabeth Holmes was the founder of blood-testing start-up Theranos in 2003, which for a while was regarded as one of the smartest med-tech companies in Palo Alto, Silicon Valley (the word ‘Theranos’ is derived from a clever combination of the words therapy and diagnosis). She became the first female self-made billionaire, and at its peak Theranos was valued at $9 billion. The business model of this company was based on simplifying blood tests using a proprietary technology requiring only a pinprick of blood from the finger, rather than an elaborate extraction of blood by needle and syringe. The testing system of Theranos was supposed to able to detect a range of medical conditions including ...
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